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MBA Emerging Trend

The demand for MBA graduates has been increasing at a rapid pace for the past decade, especially, with the additions of non-traditional fields like MBA in healthcare management, luxury brand management, and many others. The field of MBA is not restricted to the traditional fields of Finance, HR, Marketing and Sales. It has encompassed almost all the fields in the market today. So if you’re planning to pursue MBA, we would suggest you to do so in the newly emerging fields.

5 reasons why you should pursue MBA in Emerging Sectors:

Tailor Made courses

Right from basic healthcare, local government and education to the ultra-modern luxury accessories, law and even temples have a demand for MBAs. The emerging trends in MBA prove that it is no longer a field that is restricted to the business field. Fields like MBA in event management, media management, pharmaceutical management, etc. have been added in the recent years and are gaining popularity day by day.

Many MBA colleges offer trading tailor made courses that cater to every need of the student. Industries too prefer to hire individuals that have specific skill sets in their particular fields, for eg: a hospital would prefer an MBBS with an MBA for the management of the hospital. An MBBS would ensure that the person understands the requirements in an hospital and the MBA degree helps him in managing things efficiently with trend. As against this an individual with a traditional MBA degree wouldn’t be that apt for the post.

Growing popularity

The increasing number of MBA institutes in India shows how popular the course is. MBA has varied sub-fields which cater to the needs of all students belonging to varied fields right from BA to MBBS. Even temples and non-government organizations require the skills of MBAs. Apart from getting a good salary another reason why MBA is gaining popularity is because it equips you to be a good and competent manager. It trains individuals to deal with the day to day issues that a firm might face and how to tackle them.

Hoard of Opportunities

MBAs have varied opportunities in every sector. A luxury store would prefer to hire a person with MBA in luxury management to manage the store instead of a person with MBA in marketing. With the emerging specialization fields, the demand for tailor made courses have also increased. An engineer with an MBA degree would be welcomed with open arms in an industry as against a commerce graduate with an MBA degree. A civil engineer with an MBA degree has a better scope in the construction field than a person with MBA in the traditional sectors of finance, marketing and HR.

Scope

MBA in the fields like International and Global business, luxury brand management, pharmaceutical management, etc. have gained popularity in the last few years. The main reason being, the high amount of returns earned after pursuing these degrees. Major multinationals offer high salary packages and hires professionals with the specific MBA degrees.

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